MIT REAP Team Valencia’s regional focus is on the city of Valencia. Universitat Politecnica de Valencia is the backbone organization in MIT REAP Valencia Team. The team is also represented by government and entrepreneurial stakeholders, including the Regional Government.

Team Members

University
Government
Corporate
Risk Capital
Entrepreneur

Innovation Ecosystem Stakeholder Model

Joaquin Rios Casanova
Champion
Partner & Executive Director, Tennium
Israel Griol-Barres
Managing Director FGYM, Universitat Politecnica de Valencia
Ignacio Alberola
CEO, La Española Group
Paco Álvarez
General Director of Economy, Entreprneurship and Cooperativism, Regional Government
Joe Capilla
Professor - Vicerector, Universitat Politecnica de Valencia
Mónica Cucarella
Director General for Internationalization, Regional Government
Enrique Martinavarro
CEO, MARFECO S.L.
Alicia Martínez
Project Manager, Universitat Politecnica de Valencia
Jose Millet
Professor - Department Director, Universitat Politecnica de Valencia
Javier Mínguez
Technician IVAE, Regional Government
Francisco Mora
Rector, Universitat Politecnica de Valencia
Francisco Sanchis
Co-CEO, IMEX Clinic S.L.

Team Strategy

  • Challenge & Opportunity
  • Strategy & Action
  • Lack of consistency in local government support of R&D and economic development programs
  • Disconnected research organizations from local corporations
  • Lack of a cultural understanding concerning entrepreneurship by all stakeholder groups (government, corporate, university, and risk capital)
  • Developed a regional master plan focused on growing the regions “Innovation Capacity” as it relates to existing local industry
  • Established a plan to engage the diaspora and encourage students to stay in Valencia and start new businesses
  • Engage all missing stakeholders through the Advisory Entrepreneurship Council (AEC) and the Focus Innova Pyme and Valencian Entrepreneurs conferences

Metrics of Success:

  • Success is measured by newly registered startups, employment by new innovation-driven enterprises, an online portal for local entrepreneurs (http://www.emprenemjunts.es/) and revenues from licensed patents
    • Executive Summary:

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Core Regional Metrics

Economic & Social Progress

Social progress and economic prosperity as a collective measure of development in a region.

Innovation-Driven Entrepreneurial Ecosystem

Innovation-Driven Entrepreneurial Ecosystems are regional environments that effectively support startups focused on addressing global markets based on technological, process or business model innovation.

Innovation Capacity

Ability to develop new to the world innovations from inception through to the market.

EXPAND ALL

Performance

People

-Pool of innovators
-Education in tech and commercialization

Funding

-Funding for research
-Government programs

Policy

-Competition policy
-Intellectual property policy
-Technology transfer and collaboration policy

Demand

-Nature of established companies in region

Culture & Community

Coming soon!

Infrastructure

Coming soon!

Entrepreneurial Capacity

Ability to start and build new to the world businesses from inception to maturity.

EXPAND ALL

People

-Pool of entrepreneurs
-Quality of entrepreneurial education

GEM

Funding

-Accessibility of entrepreneurial capital (government, private, equity, debt, grants)

Policy

-New business creation policy
-Business law and business policy

Demand

-Government, corporate and consumer demand for new products and services

Performance

Coming soon!

Culture & Community

Coming soon!

Infrastructure

Coming soon!